Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC that is supplied or consented to in writing by AGIC expressly for inclusion therein. Each Offering Document delivered with respect to the Notes shall clearly disclose that the Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes which includes financial statements of AGIC prepared in accordance with GAAP (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc), Insurance and Reimbursement Agreement (TFC Enterprises Inc)
Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC that is supplied or consented to in writing by AGIC expressly for inclusion therein. Each Offering Document delivered with respect to the Notes Securities shall clearly disclose that the Notes Policy (and the Swap Policy, to the extent the Offering Document contains substantive disclosure regarding the Swap Policy) is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes Securities which includes financial statements of AGIC Financial Security prepared in accordance with GAAP generally accepted accounting principles (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (AFS SenSub Corp.), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F)
Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC that is supplied or consented to in writing by AGIC expressly for inclusion therein. Each Offering Document delivered with respect to the Notes shall clearly disclose that the Notes Policy (and the Swap Policy, to the extent the Offering Document contains substantive disclosure regarding the Swap Policy) is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes which includes financial statements of AGIC Financial Security prepared in accordance with GAAP generally accepted accounting principles (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (AFS SenSub Corp.), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F)
Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC Radian that is supplied or consented to in writing by AGIC Radian expressly for inclusion therein. Each Offering Document delivered with respect to the Notes shall clearly disclose that the Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes which includes financial statements of AGIC Radian prepared in accordance with GAAP (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC Financial Security that is supplied or consented to in writing by AGIC Financial Security expressly for inclusion therein. Each Offering Document delivered with respect to the Notes shall clearly disclose that the Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes which includes financial statements of AGIC Financial Security prepared in accordance with GAAP (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Disclosure Document. Each Offering Document with respect to the ------------------- Notes shall include only information concerning AGIC Radian that is supplied or consented to in writing by AGIC Radian expressly for inclusion therein. Each Offering Document delivered with respect to the Notes shall clearly disclose that the Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law. In addition, each Offering Document delivered with respect to the Notes which includes financial statements of AGIC Radian prepared in accordance with GAAP (but excluding any Offering Document in which such financial statements are incorporated by reference) shall include the following statement immediately preceding such financial statements: The New York State Insurance Department recognizes only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the New York Insurance Law, and for determining where its financial condition warrants the payment of a dividend to its stockholders. No consideration is given by the New York State Insurance Department to financial statements prepared in accordance with generally accepted accounting principles in making such determinations.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)